Greenbush Financial Group LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,970 shares of the e-commerce giant’s stock after purchasing an additional 762 shares during the period. Amazon.com comprises about 1.2% of Greenbush Financial Group LLC’s portfolio, making the stock its 22nd largest holding. Greenbush Financial Group LLC’s holdings in Amazon.com were worth $2,846,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in AMZN. Vanguard Group Inc. grew its position in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. Kingstone Capital Partners Texas LLC grew its position in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Northern Trust Corp grew its position in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after acquiring an additional 302,858 shares during the period. Nuveen LLC bought a new position in shares of Amazon.com in the 1st quarter valued at about $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Amazon.com by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock valued at $11,461,952,000 after acquiring an additional 605,415 shares during the period. Institutional investors own 72.20% of the company’s stock.
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $216.37 on Monday. The firm has a 50 day moving average of $225.94 and a 200-day moving average of $211.97. The stock has a market capitalization of $2.31 trillion, a PE ratio of 32.98, a PEG ratio of 1.43 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.
Insider Activity at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,597,911 shares of company stock worth $2,652,463,783 in the last ninety days. Insiders own 10.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on AMZN shares. Wedbush reissued an “outperform” rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Friday, September 19th. Canaccord Genuity Group reissued a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $266.26.
Check Out Our Latest Research Report on AMZN
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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